The new accounting standard for revenue recognition has finally been released! With the issuance of FASB ASU No. 2014-09, Revenue from
Contracts with Customers, FASB has completed a convergence project with the IASB to improve financial reporting by creating common revenue
recognition guidance for U.S. GAAP and IFRS.

Accountants in public practice and industry who need an update on the latest revenue recognition guidance

Prerequisite

Experience in the application of accounting standards

Fees:

Early Bird

Standard

Member

N/A

$170

Non-Member:

N/A

$195

The Member rate applies to UACPA members and reciprocal state society members. To register online, use the ‘Register’ button above. To register by phone, call the UACPA at 801.466.8022, Monday through Friday, 8am to 4pm.

Description

The new accounting standard for revenue recognition has finally been released! With the issuance of FASB ASU No. 2014-09, Revenue from Contracts with Customers, FASB has completed a convergence project with the IASB to improve financial reporting by creating common revenue recognition guidance for U.S. GAAP and IFRS.
For years, revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud allegations. This course will
provide you with an in-depth understanding of the framework for revenue recognition built around the core principle that is applied in a five step process. In addition, understanding the changes and new requirements is critical for successful implementation of this new standard. Supported
by practical examples, this course will assist you in avoiding revenue recognition traps and provide you with latest FASB guidance. Specific topics include: